Morgan Stanley (NYSE:MS) analyst Ken Zerbe maintained a Sell rating on Cullen/Frost Bankers (NYSE:CFR) on Thursday, setting a price target of $81, which is approximately 13.53% below the present share price of $93.67.
Zerbe expects Cullen/Frost Bankers to post earnings per share (EPS) of $1.50 for the first quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Sell rating of shares in Cullen/Frost Bankers, with an average price target of $78.86.
The analysts price targets range from a high of $91 to a low of $70.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $327.02 million and a net profit of $0. The company's market cap is $5.48 billion.
According to TipRanks.com, Morgan Stanley analyst Ken Zerbe is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.3% and a 58.02% success rate.
Cullen/Frost Bankers, Inc. operates as a bank holding company of Frost Bank, which engages in the provision of commercial and consumer banking services, as well as trust and investment management, mutual funds, investment banking, insurance, brokerage, leasing, asset-based lending, treasury management and item processing services. It operates through the following segments: Banking and Frost Wealth Advisors. The Banking operating segment includes both commercial and consumer banking services and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients and include a wide array of lending and cash management products; Consumer banking services include direct lending and depository services; Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products and human resources consulting services. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and brokerage services. The company was founded in 1868 and is headquartered in San Antonio, TX.